QualityStocksNewsBreaks – Hemptown Organics Corp. Announces $7.5M Concurrent Financing to Proposed Qualifying Transaction
Hemptown Organics, a diversified hemp company doing business as Hemptown USA, today provided an update further to its previous news releases on the proposed acquisition of Hemptown by Spectre Capital Corp. (TSX.V: SOO.P), a capital pool company listed on the TSX Venture Exchange. According to the update, the transaction, once complete, is expected to result in the reverse takeover of Spectre and will constitute Spectre's Qualifying Transaction under Policy 2.4 - Capital Pool Companies of the Exchange. In connection with the transaction, Hemptown and Spectre have entered into an engagement letter, dated May 27, 2021, with Canaccord Genuity Corp. (the…